Nvidia nearly pulled in $50 billion, but was it enough? The stock fell after the initial release, where revenue came in as expected overall. The company barely met or missed estimates for data center sales, depending on which analyst you talk to.
The rapid convergence of artificial intelligence and cryptocurrency mining is intensifying global energy pressures, forcing miners to adapt through renewables, AI optimization, and shifting regional strategies.
Ethereum began the weekend with a drop despite strong gains over the past few months. The price of Ethereum fell by 4.63% within 24 hours. Ethereum was recently seen trading at around $4,303 after briefly hitting the high of $4,438.
The rain has arrived, and nature is gearing up for winter. The birds are migrating, the squirrels are stockpiling. So as the daylight fades and the economic chill creeps in, let's explore five ways we could be caught off guard this autumn.
Warren Buffett's retirement decision has sparked debates about his reasons for working past the typical retirement age and his current choice to step aside.
The rebound in equities from the April lows has coincided with a clear and powerful resurgence of technology as the primary driver of market returns. In other words, the mighty U.S. tech firms are once again carrying the weight for investors.
The US housing market is experiencing a period of stagnation, with home prices failing to keep up with the rate of inflation, making home ownership increasingly unaffordable for many Americans.
The cryptocurrency market looks ready to close August in a depressing fashion. Most cryptocurrencies lost precious gains over the past seven days. While some established new all-time highs, such as Ethereum, the overall image speaks of a bloodbath.
Last week, Nvidia reported second quarter earnings that exceeded analysts' forecasts. However, the focus shifted to two undisclosed customers who made up a substantial 39% of the company's revenue.
Berkshire Hathaway recently increased its stake in the Japanese trading house Mitsubishi Corp. to 10.23%. This recent move marks Berkshire's continued expansion in Japan. The insurance behemoth earlier held a 9.74% stake in Mitsubishi.
Nvidia recently reported Q2 adjusted EPS of $1.05 and Q2 revenue of $46.74 billion, both better than the expected $1.01 and $46.13 billion, respectively. The company said it sees $3-$4 trillion in AI infrastructure spend by the end of the decade.
The Jackson Hole event on Aug. 22 sent waves through markets. Words from Fed Chairman Jay Powell kicked off a risk-on rally that is still in play today. Under the surface of this thrust, it’s clear that gobs of capital are pouring into small-caps.
